Gross domestic product (GDP), Current prices, Domestic currency in Somalia
Somalia: Gross domestic product (GDP), Current prices, Domestic currency was 39,519 in 2019. ◆ Volatile
Gross domestic product (GDP), Current prices, Domestic currency in Somalia, 1970–2019
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), current prices, domestic currency in Somalia is 39,519, measured in 2019. That is the highest value across all 50 years on record.
Compared with earlier readings it is up 4.7% on the previous year and up 0.4% over ten years.
Over the whole period, gross domestic product (gdp), current prices, domestic currency in Somalia peaked at 39,519 in 2019 and was at its lowest, 2.44, in 1970.
That places Somalia 27th out of 194 countries with data for 2019, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Current prices, Domestic currency in Somalia, year by year
| Year | Value | Change |
|---|---|---|
| 1970 | 2.44 | — |
| 1971 | 2.47 | +1.6% |
| 1972 | 3.13 | +26.4% |
| 1973 | 3.04 | -2.8% |
| 1974 | 3.6 | +18.6% |
| 1975 | 4.77 | +32.2% |
| 1976 | 5.49 | +15.1% |
| 1977 | 6.88 | +25.4% |
| 1978 | 8.18 | +18.8% |
| 1979 | 8.98 | +9.9% |
| 1980 | 17.34 | +93.0% |
| 1981 | 22.06 | +27.2% |
| 1982 | 29.11 | +32.0% |
| 1983 | 35.13 | +20.7% |
| 1984 | 62.25 | +77.2% |
| 1985 | 87.29 | +40.2% |
| 1986 | 118.78 | +36.1% |
| 1987 | 169.61 | +42.8% |
| 1988 | 276.5 | +63.0% |
| 1989 | 559.5 | +102.3% |
| 1990 | 1,739 | +210.8% |
| 1991 | 2,333 | +34.2% |
| 1992 | 2,566 | +10.0% |
| 1993 | 3,969 | +54.7% |
| 1994 | 4,886 | +23.1% |
| 1995 | 6,425 | +31.5% |
| 1996 | 8,674 | +35.0% |
| 1997 | 11,276 | +30.0% |
| 1998 | 14,094 | +25.0% |
| 1999 | 16,638 | +18.0% |
| 2000 | 19,641 | +18.0% |
| 2001 | 21,898 | +11.5% |
| 2002 | 24,414 | +11.5% |
| 2003 | 26,856 | +10.0% |
| 2004 | 29,541 | +10.0% |
| 2005 | 35,315 | +19.5% |
| 2006 | 33,679 | -4.6% |
| 2007 | 35,770 | +6.2% |
| 2008 | 37,456 | +4.7% |
| 2009 | 39,343 | +5.0% |
| 2010 | 34,171 | -13.1% |
| 2011 | 34,047 | -0.4% |
| 2012 | 34,214 | +0.5% |
| 2013 | 33,990 | -0.7% |
| 2014 | 33,403 | -1.7% |
| 2015 | 32,375 | -3.1% |
| 2016 | 33,571 | +3.7% |
| 2017 | 36,053 | +7.4% |
| 2018 | 37,747 | +4.7% |
| 2019 | 39,519 | +4.7% |
Somalia compared with similar countries
- Somalia's 39,519 is above the median for low income countries, which is 6,108, 6.5× the median. (24 countries reporting)
- Somalia's 39,519 is above the median for Sub-Saharan Africa, which is 5,309, 7.4× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Current prices, Domestic currency in Somalia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1990 | +210.8% | 559.5 | 1,739 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.9 | 2.44 | 8.98 | 10 |
| 1980s | 137.76 | 17.34 | 559.5 | 10 |
| 1990s | 7,260 | 1,739 | 16,638 | 10 |
| 2000s | 30,391 | 19,641 | 39,343 | 10 |
| 2010s | 34,909 | 32,375 | 39,519 | 10 |
Countries ranked near Somalia
- 24 Kazakhstan 69,533 compare
- 25 Madagascar 51,035 compare
- 26 Hungary 47,514 compare
- 28 Pakistan 38,559 compare
- 29 Sierra Leone 37,138 compare
- 30 Mongolia 36,898 compare
More economy & growth data for Somalia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.52 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 25.66 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0238 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 15.71 units per person (2025)
- SDRs holdings, SDR, annual growth rate 19.66 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0174 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 11.47 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0172 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product (gdp), current prices, domestic currency in Somalia?
- Gross domestic product (gdp), current prices, domestic currency in Somalia was 39,519 in 2019, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, domestic currency recorded in Somalia?
- The highest recorded value was 39,519 in 2019.
- What is the lowest gross domestic product (gdp), current prices, domestic currency recorded in Somalia?
- The lowest recorded value was 2.44 in 1970.
- How does Somalia rank for gross domestic product (gdp), current prices, domestic currency?
- Somalia ranks 27th out of 194 countries with data for 2019.
- Is gross domestic product (gdp), current prices, domestic currency rising or falling in Somalia?
- Over the last ten years it is up 0.4%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Current prices, Domestic currency. Statizoid updates them automatically from the source API.
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.